The craft beer production industry is expected to grow 16.8 percent in 2014, and will likely continue to boast the most aggressive revenue growth of any alcoholic beverage industry in the US, according to IBISWorld.

Seasonal beers comprise an estimated 23.7 percent of the industry's total revenue, and recent trends show that market segment is likely to continue growing strongly over the next five years. Many of the industry's most prominent brewers have responded to the increasing popularity of seasonal beers by pushing their 2014 fall releases forward.

Looking forward, the breweries industry in the U.S is anticipated to grow 1.4 percent per year on average, while craft beer production is expected to grow 7.4 percent annually through 2019.

To read Nick Petrillo's full story on craft beer, click here.